Monthly Archives: May 2013
HSBC Asia Prime-Finance Team Seeks to Double Hedge-Fund Assets
HSBC Holdings Plc (HSBA), the largest European bank by assets, plans to double its Asia-Pacific prime finance team’s cut of hedge-fund assets in the coming year, said Melvyn Ford, regional head of the business. It is part of a target […]
Hedge funds losing love for Fifth Third stock
Biz Journals – Hedge funds might be falling out of love with Fifth Third Bancorp’s stock just as it’s hitting a peak. A report from Insider Monkey, an oddly named website that tracks trading by insiders and hedge funds in […]
Hedge Funds Care Expands Reach By Becoming Help For Children: Prevent and Treat Child Abuse
New York (HedgeCo.net) – Hedge Funds Care was started as a dinner in New York City with one mission and two goals. The one mission was preventing and treating child abuse and the two goals: raising as much money as possible […]
Hedge Fund Activists Call For a Breakup Of RHJ International
New York (HedgeCo.net) – A group of hedge funds led by Geneva-based investor Equilibria Capital have called for the break-up of $5.1 billion financial services group RHJ International (RHJI). The move would stop RHJI from acquiring leading German investment bank BHF, and […]
Tourre Seeks to Keep SEC From Arguing CDO Added to Crisis
Bloomberg – Former Goldman Sachs Group Inc. (GS) executive Fabrice Tourre asked a judge to block the U.S. Securities and Exchange Commission from arguing at his fraud trial set for July that he contributed to the financial crisis. Tourre, who […]
Hedge Fund Investors Continue Leaving SAC
New York (HedgeCo.Net) – San Francisco-based fund of hedge funds Ironwood Capital Management is planning to pull about $100 million from hedge fund billionaire Steven Cohen’s SAC Capital Advisors, according to a Reuters report. Since the SEC insider trading investigation […]
High Court Refuses Appeal In Hedge Fund Price-Fixing Suit
Law360 – The U.S. Supreme Court refused Tuesday to review a ruling that found 21 hedge funds did not violate antitrust laws by allegedly conspiring to force credit provider Atlanticus Holdings Corp. to redeem its bonds ahead of schedule. The […]
Kier Group shares targeted by short selling hedge funds
Hedge funds have taken a substantial punt against the fortunes of FTSE 250 construction business Kier Group by betting the company’s shares will fall, a practice known as short selling. More than 12 per cent of Kier’s stock is currently […]
US Hedge Funds Target Value in TSR Special Situations & Spinoffs
Fort Mill Times – Major fund CIO’s are looking for a better set of playing cards. 2013’s developed markets have surged to all-time highs, e.g. the FTSE100, S&P500, etc.; as such, future benchmark outperforming growth opportunities in equities are undoubtedly […]
Takeover pressure mounts between hedge fund and Health Management
The pressure is mounting for Health Management Associates Inc., which has adopted a poison pill in order to fend off the prospect of a takeover by hedge-fund operator Glenview Capital Management. Shares of Health Management, an operator of acute-care facilities, […]
Hedge fund boss Baha sees gold at $3,000-$5,000
Reuters – Christian Baha, the head of Austrian fund firm Superfund and representative of the hedge fund industry in Oliver Stone’s movie Wall Street 2: Money Never Sleeps, is predicting that the gold price could rise to between $3,000 and $5,000 […]
Hindsight Is Everything: Why Advisors Need To Step Up To The Hedge Fund Plate Now
Seeking Alpha – “I think there is a world market for maybe five computers” – IBM Chairman Thomas Watson, 1943. Computers and mobile phones – the world as we know it today would not exist without them. Yet it wasn’t that […]